Dubai’s Al-Futtaim Group to purchase CMC Holdings for $86.67 million

Monday September 9 2013

CMC Chairman Joel Kibe (left) and top shareholder Peter Muthoka. FILE

CMC Chairman Joel Kibe (left) and top shareholder Peter Muthoka. Al-Futtaim Group intends to purchase all the shares of CMC through a cash offer at Ksh13 ($0.15). FILE 

By David Mugwe and Peterson Thiong’o